A naukri.com initiative
Fintechnews
1M
122
Image Credit: Fintechnews
Germany’s Payrails Raises $32M in Series A Round
- Payrails, a payment software provider based in Berlin, has raised $32 million in a Series A funding round.
- The funding aims to enhance payment operations for enterprises through product innovation and expansion in EMEA.
- HV Capital's Growth Fund led the round, with continued support from existing investors including EQT Ventures and Andreessen Horowitz.
- Payrails, founded by former senior leaders from Delivery Hero, has raised over $52.8 million in total funding.
- The Series A round marks one of the largest for a European fintech this year and follows a period of substantial growth.
- In 2024, Payrails saw over 1 million daily operations, expanded into 30 new markets, and secured enterprise clients across various sectors.
- Some notable clients of Payrails include Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem.
- Orkhan Abdullayev, Co-Founder and CEO of Payrails, emphasized the platform's vision to empower enterprises with a comprehensive payment management solution.
- Abdullayev highlighted the focus on product development to enhance the payment lifecycle and set new industry standards.
Read Full Article
7 Likes
For uninterrupted reading, download the app